WonkPM: Your afternoon update from Wonkblog for August 01, 2013

Catch up on Wonkblog's latest posts. A supplement to your Wonkbook subscription.

View on the Web. Thursday, August 1, 2013 WonkPM is your afternoon update of the latest posts on Wonkblog. WonkPM is a supplement to your morning Wonkbook newsletter. If you'd like to opt-out from receiving WonkPM, please click here. This is an amazing traffic light The picture comes from this Quora thread on “the best new products that people don’t know about.” And it looks really cool! Though it also would require drivers to look at the traffic light for slightly longer to assess how … Continue reading → Republicans need a budget deal. They need a budget deal bad. Another day, another THUD. The House’s bill to fund transportation, housing, and urban development (THUD) was pulled from the floor on Wednesday. Thursday, the Senate bill failed to clear a filibuster as Mitch McConnell mounted an aggressive, last-ditch effort to give House … Continue reading → A court ruled swipe fees are still too high. But they're probably going away anyway. The credit card companies lost a round in the payment wars on Wednesday: A judge ruled that the Federal Reserve’s 21-cent cap on swipe fees for debit card transactions was too high, and should be reconsidered. The retail industry cheered, … Continue reading → Inside the Obamacare resistance Dean Clancy wants you to burn your Obamacare draft card. That there's no such thing as an Obamacare draft card is, at best, only a small problem. Clancy is a vice president at FreedomWorks, where he has spent years fighting … Continue reading → Why the House GOP's cuts to housing and transportation were so unpopular On Wednesday, House Republicans caused a ruckus by abruptly yanking their $44.1 billion transportation and housing budget off the floor. The leadership couldn’t find enough votes for the bill, in part because the proposed spending cuts were too deep for virtually all … Continue reading → Forget Larry Summers. What if Roger Ferguson took over the Fed? On Sept. 11, 2001, Roger Ferguson, the mild-mannered vice chairman of the Federal Reserve, found himself unexpectedly asked to play the role of first responder in what could’ve been a global financial meltdown. The World Trade Center housed some of … Continue reading → This graph calls the entire economic recovery into question From the Center on Budget and Policy Priorities: The core issue here is that the unemployment rate only counts people actively looking for work. That means there are two ways to leave the ranks of the unemployed. One way — the … Continue reading → Need to use a 3-D printer? Try your local library. What kind of Fed chair would Larry Summers be? This March speech gives hints. In weighing the possible appointment of Larry Summers to be chairman of the Federal Reserve, analysts have found his views on what would be his main job in that role —setting U.S. monetary policy — to be hard to parse. Summers … Continue reading → McDonald's wages are rising fastest in Russia, and other facts about fast food pay For the past several days, hundreds of workers have been picketing Wendy’s, KFC, McDonald’s and other fast food joints around the country to protest rock-bottom pay, demanding a raise to about double the minimum wage of $7.25 per hour. As … Continue reading → Follow Ezra Klein:     You are receiving WonkPM as a supplement to your morning Wonkbook newsletter. If you no longer wish to receive WonkPM, or would like to unsubscribe from Wonkbook entirely, click here. ©2013 The Washington Post 1150 15th St NW Washington, DC 20071 Help & Contact Info Privacy Policy

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